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$3,950,000
28,078
square ft

1938 Franklin Street
Detroit, Michigan 48207

Active / MLS #20240079430 / Commercial / Mixed Use / East Riverfront, Detroit
Listing information updated 1/21/2026 at 9:25pm
The newly renovated Elevator Building offers creative workspace in the heart of Detroit's East Riverfront. The building hosts a community of creative professionals working in media, architecture, fashion, wellness, community services, and other fields. The spaces offer a modern reboot of Detroit's industrial past, featuring ample light, high ceilings, and exposed brick and beams. Capital improvements include new roof systems, energy-efficient windows, new HVAC units, and renovated bathrooms. Amenities have also been added, including a conference room, kitchenette, bike storage, high-speed wifi and a private shower room. Tenants take advantage of the building's direct proximity to the award-winning Riverwalk and the Dequindre Cut to access downtown, Eastern Market and Lafayette Park by foot, bike or scooter. Wednesday October 30th from Noon - 2:00 PM
Lot Size:
0.62 Acres
Acreage:
0.62
Built:
1900
Roof:
Rubber
Current Use:
Office, Retail
Zoning:
Commercial
Building Square Feet:
28,078
Current Net Income:
$354,399
Tax Amount:
$54,312
Tax Year:
N/A
Zip Code:
48207
City:
Detroit
County:
Wayne

Listing Office: O'Connor Realty Detroit, LLC

Listing Office Phone: 313.963.9891

Disclaimer: IDX provided courtesy of Realcomp II Ltd. via site owner and the originating MLS listed above, © 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

$209,680
Average Sale Price
79
Average Days On The Market
92%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 1938 Franklin Street, Detroit, MI 48207

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1938 Franklin Street, Detroit, MI 48207 is a commercial / mixed use currently listed at $3,950,000. This commercial / mixed use has been listed on @properties REMI Christie's International Real Estate since October 20th, 2024 and was built in 1900.

Each office is independently owned and operated.
@properties Christie’s International Real Estate, the @properties Christie’s International Real Estate’s logo, and other various trademarks, logos, designs, and slogans herein are the registered and unregistered trademarks of At World Properties, LLC d/b/a @properties Christie’s International Real Estate.
At World Properties, LLC and its subsidiaries do not discriminate against the use of Housing Choice Vouchers. Se Aceptan Vales de Elección de Vivienda.
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